UPDATES FOR INDIAN RUPEE & DOW JONES

The Indian rupee hit a low of 65.5 versus the U.S $ and reversed

higher. The short term trend will remain negative as long as this

level is not surpassed.

If the currency oscillates between 61 & 66, the possibility of the

INDIAN RUPEE hitting the 70 level remains a possibility.

The short term trend will remain negative as long as 60level holds.

Major hurdle fir the INDIAN currency is at 57. It appears that this

Level will not be crossed in a hurry.

The DOW hit the intra-week low of 14880 but ended the week to

close above 15000. The level of 14880 has to be breached for the

DOW to retest 14500 support level.

The DOW JONES can touch 15200 & 15350 in the coming weeks.

The trading range appears to be between 14850- 15350 for the short
time.